Impact of Financial Integration under Belt and Road Initiative and Policy Implications for CPEC
We facilitated financial integration within the Belt and Road Initiative (BRI) by enhancing cooperation between Pakistan and China. Through collaboration with governments, financial regulators, and businesses, we leveraged opportunities and mitigated risks for sustainable development.
The project aims to address the lack of recognition for financial integration within the Belt and Road Initiative (BRI), which undermines its sustainability. BRI emphasizes financial integration as fundamental for implementation and offers opportunities for global investors and international bond market development. Despite challenges, financial integration can yield significant benefits, necessitating regulatory reforms and collaboration between governments and financial regulators. Initiatives such as direct currency trading between Pakistan and China have facilitated cross-border transactions, while financial technology (FinTech) can enhance SME finance accessibility. Coordinated efforts are essential to leverage opportunities and mitigate risks, including dialogue on taxation and regulatory policies, and cooperation in insurance regulation and services to meet CPEC’s insurance needs.
Location of the Project
Pakistan, China
Client
Center of Excellence, CPEC
Project Duration
2017
